Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 9, Issue 28
We Know Energy
July 22, 2011 Energy Update
In this Issue
Editor's Note
Hot Weather Was Unable to Spook the Energy Markets This Week
Renewable Energy
Philadelphia Brewery to Use 100% Wind Power Electricity From WGES
Natural Gas
EIA Gas Storage Update - Data Released July 21, 2011
Baker Hughes Rotary Rig Count For Natural Gas
NYMEX Natural Gas Monthly Settlements For the Past 12 Months
NYMEX Values For the Forward 12 Months
NYMEX 12-Month Average Price Per Therm at the Well-Head
PJM Electricity
PJM 12-Month Average Peak Power Price
Weather
Local Cooling Degree Days*
Recent Features
Properties Can Profit from Residential Enrollments (June 24)

 

Watch the Mail (June 17)



WGES Ranked #1 Supplier (June 3)

Our New Wind Power Partners
Corcoran Gallery of Art
Shipwright Harbor Inc.
Corcoran Gallery of Art
Shipwright Harbor Inc
Saint-Ex Group LLC
Buck Distributing Company
Kenwood House, Inc
The Town Council of Centreville, Maryland
Maryland Hotel Supply Company, Inc
American Society Interior Designers
GEA Process Engineering Inc.
Architectural Support Group
Barrell House Liquors
Washington International School
Regional Management, Inc
Merritt Properties
Demers Real Estate
Saint-Ex Group LLC
Buck Distributing Company
Kenwood House, Inc
The Town Council of Centreville, Maryland
Maryland Hotel Supply Company, Inc
American Society Interior Designers
GEA Process Engineering Inc.
Architectural Support Group
Barrell House Liquors
Washington International School
Regional Management, Inc
Merritt Properties
Demers Real Estate

Visit wges.com/partners for full list of WGES Wind Power Partners.

 
To find out more about a green power purchase for your organization, call 703-793-7578, or visit wges.com/commercialwind.

For more information, contact your WGES Account Manager or wges_lgc@wges.com.
Editor's Note
Hot Weather Was Unable to Spook the Energy Markets This Week
Week in review for period of July 15 - July 21, 2011

Although we noted that hot weather placed upward pressure on energy prices in last Friday's newsletter, energy prices were surprising flat this week. For this seven day report period, the 12 month average price for natural gas on the NYMEX fell less than 1%. The price for peak power traded on the PJM grid rose less than 1%.

Instead of focusing on the hot weather, the marketplace seemed to focus on the fact that Tropical Storms Brett and Cindy weakened this week and headed into the North Atlantic. Plus, economic news continued  to indicate that the world economies were growing more slowly than expected. Additionally, a number of reports this week spoke about the positive impact that U.S. shale gas was having on supplies. For now, demand is moderate and supplies are looking good. Thus, the recent  hot spell was unable to spoke the energy markets.

Stay tuned. August is on the way. But for now, energy prices continue to remain at a very good value.

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